142 Millet AveFairhopeAL36532
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Fairhope at 142 Millet Ave, Fairhope, AL, 36532 at $373,988 posts ROI 25.32% with $560/mo cash flow from $2,670/mo rent. Total monthly income equals $2,670/mo, and annual cash flow records $6,714/yr on $123,977 to close. Return on cash invested measures 25.32% and rental yield reads 8.57% at the current $373,988. Equity gained on principal adds $2,413/yr, and 5% annual appreciation supports $103,326 by year five. Five-year ROI prints 131.17% and total cumulative return in cash totals $162,621.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,670/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2025
7,278 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36532, Fairhope, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,908 (100%) |
| Owner Occupied HU | 13,032 (68.9%) |
| Renter Occupied HU | 3,563 (18.8%) |
| Vacant Housing Units | 2,313 (12.2%) |
| Median Home Value | $443,110 |
| Average Home Value | $519,568 |
Housing Distribution
Address Breakdown
Residential
16,904
Single Family
15,732
Multi-Family
1,172
Businesses
1,124
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